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12.58-carat diamond found in agricultural field in MP's Panna

Press Trust of India  |  Panna (MP) 

A 12.58-carat with estimated value of about Rs 30 lakh was discovered in an agricultural field in Madhya Pradesh's district, an said Friday.

While the area is known to have deposits, the precious stone was found when a was tilling the land.

District Mining and said the diamond was found in a field leased by Prakash Kumar Sharma at village Sarkoha, 25 km from here.

Sharma deposited it with his office Friday afternoon, Singh said, adding that its value could be around Rs 30 lakh.

The field is owned by who has leased it to Sharma for farming, the said.

The raw diamond would be auctioned, and the proceeds would be given to Sharma after deduction of government royalty and taxes, he said.

The district is estimated to have reserves of 12 lakh carats of diamond.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 19:15 IST